Wool prices firm at NZ weekly auction, offering 'glimmer of hope'

Thu, 27 Jul 2017

By Tina Morrison July 28 (BusinessDesk) - Prices firmed at New Zealand's latest weekly wool auction offering a "glimmer of hope" amid current weak market conditions. At yesterday's South Island sale, longer 37-micron crossbred second-shear wool increased 40 cents to $3.15 a kilogram compared to last week's North Island sale, while mid-length fibre gained 25 cents to $2.70/kg and shorter styles were firm at $2.40, according to AgriHQ. Meanwhile, 31-micron lamb wool was also up week on week by 80 cents to $3.70/kg. Compared with the last...

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